The Kingdom of Saudi Arabia is the largest country as well as the largest economy on the Arabian peninsula. The ruling family is the Al Saud family which is one of the most powerful families in the world. The family controls most of the important roles in the country. Kingdom Holding, the largest family office in Saudi Arabia is also in the hand of the family. In general does Saudi Arabia have dozens of family offices mostly located in the large cities of Jeddah and Riyadh. In the following we are introducing you to three interesting single family offices from Saudi Arabia.
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#1 Kingdom Holding
Kingdom Holding is the single family office of Prince Alaweed Bin Talel a member of the House of Saud, the ruling family in Saudi Arabia. Prince Alaweed Bin Talel has been called the “Arabian Warren Buffett” by Time magazine. He is one of the richest people on the planet with an alleged net worth of over 39 billion USD. Kingdom Holding invests in a broad range of assets. Real estate is a big part of their investment strategy. Kingdom Holding invests in residential, commercial and hospitality. The company owns and operates the Kingdom Centre, one of the most famous buildings in Riyadh. The also own the Four Seasons Hotel George V. in Paris and many more. The company also has many private equity investments. Kingdom Holding for example invests in aviation, banking, healthcare, petrochemicals, and many other sectors. The company also invests in publicly listed companies. Kingdom Schools Company is the educational branch of Kingdom Holding.
#2 Al Touq Group
Al Touq Group is the private investment vehicle of the Al Touq family. Sheikh Ibrahim AbdulAziz AlTouq is the patriarch of the Al Touq family. He is a business man who served on the board or as an executive of various companies most of them in the banking sector.Al Touq Group invests in real estate more specifically in residential and commercial real estate. Al Touq Group holds many real estate buildings and also develops new ones. The firm invests in local and international real estate while also investing through private equity funds. Al Touq Group invests in the top fund managers in the world and specialises in growth equity, mezz finance, LBO or distressed buy-out strategies. The Group is sector agnostic in their private equity investments and are interested in long-term investing. Al Touq Group also has operations in capital markets as they invest in regional and global equities in emerging and developed markets.
#3 Al Nahdi Family Office
The Al Nahdi family started as a pharmacy. The company rapidly grew into the largest pharmaceutical chain in Saudi Arabia and the Middle East. Abdullah Al-Nahdi started the Al Nadhi Medical Companyin 1986 since then it has become the flagship brand of the family’s portfolio now managed through the family office. The family owns multiple subsidiaries mostly in the pharmaceutical sector but also in many different sectors. Notable subsidiaries include Alfikrah United Company for Real Estate Development and Almays Catering Solutions. The company also has private equity stakes in multiple companies in the medical, pharmaceutical and lifestyle sectors.
Picture source: ekrem osmanoglu
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